Double Top + Zigzag Complete: Are Bears About to Take Over Gold?Yesterday, the financial markets in general, including Gold ( OANDA:XAUUSD ) , acted like a roller coaster after the news of Powell's dismissal . After this news was denied , Gold returned to its main trend, which I published in my previous idea .
Gold is currently re-attacking the Support line , Support zone($3,326-$3,325) and 50_SMA(Daily) .
In terms of classic technical analysis , it seems that gold has formed a Double Top Pattern for support breakdowns, where a Support line breakdown can also be accompanied by a neckline breakdown .
From the perspective of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5) , and we should wait for the next bearish waves .
I expect Gold to break its supports and move towards $3,290 ; support breaks are best done with high momentum . An important price that can change the direction of Gold's downside is $3,350 .
Note: If Gold breaks the Resistance lines and forms an hourly candle above $3,351(Stop Loss (SL)), we can expect further Gold gains.
Gold Analyze (XAUUSD), 2-hour time frame.
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Gold returns to Sideway range waiting for new momentumOANDA:XAUUSD A sweep of liquidity back to the 3377 zone and then back into the triangle trading range. Currently, the market will wait for new momentum for the next trend. If the 3322 zone is still holding, the uptrend to 3400 is still there. This is an important price zone in today's trading day.
📉 Key Levels
BUY Trigger: rejection 3323 with bullrish confirmation
Target: 3373
SELL Trigger: Break and trading Bellow support 3321
Target: 3285
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MOST ACCURATE XAUUSD GOLD FORECAST ANALYSIS MARKETCurrent Setup & Technical Outlook
Consolidation & Pennant Formation: Gold is building a bullish pennant and trading above its 50‑day MA — a classic continuation pattern suggesting a breakout toward new highs if momentum resumes .
Key Levels:
Support: $3,330–3,340 — confirmed by multiple technical sources .
Resistance/Breakout Zone: $3,360–3,375 — clearing this could trigger a rally toward $3,400+ .
Upside Targets: $3,390, then possibly $3,500–$3,535 per weekly forecast .
Alternate Bearish Scenario: A failure around the 0.618 Fibonacci resistance (~$3,374) and overbought RSI could spark a pullback to $3,356 or lower .
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🧠 Fundamental Drivers
Inflation & U.S. Macro Data: Market awaits June CPI/PPI and Fed commentary — cooler inflation could boost gold via dovish expectations, while hotter data may strengthen the USD and weigh on bullion .
Geopolitical & Safe-Haven Demand: Trade tensions (e.g., tariffs) are keeping gold elevated near $3,350–$3,360 .
Central Bank & Real Yields Watch: Continued gold purchases and lower real rates are supportive, although mid-term easing in risks (like global trade) could curb momentum .
XAU/USD 4H Bearish Continuation Setup Analysis:Price recently rejected from the key resistance zone around 3,370–3,380 (highlighted in yellow).
A double top pattern is evident, indicating bearish pressure.
Price broke the rising trendline support and is forming lower highs.
Immediate support levels lie at:
3,291.46
3,290.79
A confirmed break below this support could send price toward the next major support at 3,250.04, which aligns with the projected move.
Bearish Bias:
As long as price remains below 3,344, the structure favors further downside.
Watch for a break and retest of the 3,291–3,290 zone for confirmation.
📉 TP Zones:
TP1: 3,291
TP2: 3,250
🛑 Invalid if price breaks above: 3,344
Find a recovery point to continue buying BTC✏️ CRYPTO:BTCUSD is trading near the all-time high. The trading strategy is to wait for some investors to take profit so that the price can return to the nearest support zones and continue to buy to the new all-time high zones.
📉 Key Levels
BUY Trigger: confirms the recovery from the support trend line 116000
BUY zone 112000 (Strong support zone)
Target 129000
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GOLD Intraday H1 Chart Update For 18 July 25Hello Trader, Today we have closing day
For now market is still in Bearish Channel range and try to sustains below 3350 Psychological Level
Further only market clear breakout of 3385 level then we will be on Bullish side other we are remains bearish for now
All eyes on Todays Closing
Disclaimer: Forex is Risky
The short-selling idea remains unchanged, defend 3355📰 News information:
1. Powell responds to White House issues
2. Will other countries impose reciprocal sanctions on tariffs?
📈 Technical Analysis:
Gold closed with a long lower shadow on the daily line yesterday and closed with a doji on the hourly line. In the short term, gold may continue to rise and is expected to touch the 3355 line. If gold cannot break through and stabilize above 3355, then gold may fall back. We can still consider shorting, and the target can be 3330. If the trend is as expected, it may form the embryonic form of a head and shoulders bottom. On the contrary, if the gold price breaks through 3355, stop loss on short positions and pay attention to the high resistance of 3375-3385.
🎯 Trading Points:
SELL 3340-3355
TP 3330-3320
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
TVC:GOLD PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD FXOPEN:XAUUSD
Long and short fluctuations, the market is waiting for a break📰 News information:
1. Powell responds to White House issues
2. Will other countries impose reciprocal sanctions on tariffs?
📈 Technical Analysis:
Although the MACD indicator of the gold hourly line formed a golden cross, the market reached a high of around 3361, and the RSI indicator was close to the overbought area, so we need to be cautious about corrections. From the 4H chart, the MACD second golden cross is on the zero axis. Currently, we are paying attention to the moving average SMA5 near 3343, and the SMA60 support line 3332. If the 4H upward trend falls back, we need to go long. At present, gold is still running above, and there is no good participation point in the short term, but on the whole, we should pay attention to the support of 3345-3332 below, and we can consider going long if it retreats and stabilizes. We continue to pay attention to the resistance pressure of 3375-3385 above, and we can try to go short if it does not break.
🎯 Trading Points:
SELL 3375-3385
TP 3365-3355
BUY 3345-3332
TP 3365-3375-3385
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
FXOPEN:XAUUSD OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD TVC:GOLD
XAUUSD Bearish Structure Breakdown – Targeting 3310 ZoneXAUUSD is currently respecting the key resistance zone near 3340 and forming consistent lower highs, signaling a bearish momentum. After breaking the support area around 3325–3320, we expect price to continue its downward trajectory. If the support fails to hold, the next major target lies at the 3310 zone. This setup aligns with market structure and order flow, suggesting a high-probability sell opportunity on any pullback toward resistance.
Keep an eye on price action near the support zone for confirmation.
Bias: Bearish | Timeframe: 1H
Bottom-out rebound, 3338 short orders enteredYesterday, the gold market was affected by Trump's remarks about firing Federal Reserve Chairman Powell. After briefly falling below 3320, the price quickly rose by nearly 60 points, reaching a high of 3377. Trump later clarified that the news was false, triggering a gold sell-off, and the market rose and fell. As of Thursday's European session, gold prices fell back to around 3320. After a rapid rise and fall in the US market on Wednesday, the downward trend continued on Thursday, with the US market hitting a low of 3310 before rebounding. Judging from the 4-hour chart, the Bollinger Bands failed to open downward, indicating that the current market lacks continuity and the overall market remains in a volatile pattern. In a volatile market, it is recommended to pay attention to key support and resistance levels for high-selling and low-buying operations. The upper resistance range is currently at 3343-3351, and the important watershed support level below is at 3310.
OANDA:XAUUSD
Gold Price Reversal Setup: Breakout Retest with Bullish Targets.This 1-hour gold (XAU/USD) chart shows a potential bullish setup. Price is currently near support at 3,320.191, with possible reversal signals forming. The chart highlights a previous breakout zone around 3,354.004. If price rebounds, targets are set at TP1 (3,354.004) and TP2 (3,377.426). Key events and technical signals suggest a potential move upward.
Wait for the data release; do not chase short positions.The 4-hour timeframe remains in a range-bound consolidation. Only a decisive break below the 3320 level will truly open up substantial downward space. Let’s focus on today’s US Initial Jobless Claims data: while the indicator has been trending lower recently, the current market expectation is tilted toward a rebound.
Even though yesterday’s PPI data, after its release, was bullish for gold, its actual impact on prices was limited—far from comparable to core metrics like CPI.
In summary, all short positions have now closed out with profits. Waiting for the data release to trade in line with the trend is a more prudent approach: if prices hover around 3320 or 3310 ahead of the data and the figures come in bullish, you can decisively enter long positions once there’s a slight pullback. If the data turns bearish, avoid chasing the decline; instead, consider positioning around key integer levels such as 3290-3300, as a sharp bullish correction is likely to follow an oversold move. As for whether the bulls can achieve a full reversal, we’ll assess the broader picture then. Always remember: no market moves in one direction indefinitely—adaptability is key
🚀 Buy @3310 - 3320
🚀 TP 3330 - 3340 - 3350
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
7/18: Watch 3343 Resistance, Guard Against Break Below 3323Good morning, everyone!
Yesterday, gold broke below the 3337 support after consolidating there, driven lower by bearish data, and eventually reached the 3323–3312 support zone. A rebound followed, and price has now returned above 3323, which also aligns with the daily MA60.
📌 Key Levels to Watch Today:
Resistance: 3343 / 3352–3358
→ A sustained break above 3343 opens the door for a potential move toward 3366 / 3372–3378;
Support: 3323 / 3312
→ If price remains capped below resistance and weekly close is under 3323, it will signal bearish structural pressure for the medium term.
📌 Trading Strategy:
Trade flexibly within the range of 3358–3343–3332–3323–3312
📌 Important Reminder:
If today’s closing price is below 3323, and you're planning to hold positions over the weekend, it’s safer to lean short. While we can’t predict weekend news, technically, bears have the upper hand, so risk control is essential.
"Gold Ready for Bullish Move – 3365 Tak Udane Wala Hai!🔹 Lower Purple Zone (Support Area) – Price ne is zone (approx. 3315–3320) se strong bullish reversal dikhaya hai. Yeh area buyers ka interest zone hai jahan se market ne reaction diya.
🔹 Upper Purple Zone (Resistance Area) – 3360–3375 ka zone strong resistance hai jahan se pehle bhi multiple rejections aayi hain.
🔹 Current Price: 3340.115 par trade kar raha hai.
🔹 Blue Arrow Prediction: Chart ka analysis yeh batata hai ke price ab is support zone se upar ki taraf move karega aur resistance zone ko test karega (target 3360–3375).
Gold - The clear top formation!🪙Gold ( TVC:GOLD ) just created a top formation:
🔎Analysis summary:
Over the past four months, Gold has overall been moving sideways. Following a previous blow-off rally of about +25%, this cycle is very similar to the 2008 bullish cycle. Bulls are starting to slow down which will most likely result in the creation of at least a short term top formation.
📝Levels to watch:
$3.000
🙏🏻#LONGTERMVISION
Philip - Swing Trader
XAUUSD (GOLD) POTENTIAL SELL IDEAGold after hitting 3500 level, has kind of been ranging between 3200 and 3450 level. As we can say that Monday as start of the week has taken a Buyside Liquidity maybe making it high of the week which we will know as the market unfolds itself.
A FVG was formed on 1H before the Buyside was taken and after taking BSL, price sliced through FVG making it IFVG, we can expect Gold to give us a sell trade as it enters this IFVG which will be our first potential entry, placing SL slightly above Buyside Liquidity level.
If our first entry is successful, we can see a second entry when the price slices through the 4h FVG as marked, making it again an IFVG targeting the levels as highlighted on the chart.
FIRST POTENTIAL ENTRY:
Sell @ 3360-3365
Stop loss = 3385
Take Profit = 3335 (Target 1), 3310 (Target 2), 3390 (Target 3)
SECOND POTENTIAL ENTRY:
Sell @ 3340-3345
Stop loss = 3367
Take Profit = 3335 (Target 1), 3310 (Target 2), 3390 (Target 3)
Gold Rejected Post-CPI – Bearish Momentum Building Below $3,365Gold is currently trading near $3,338, continuing to show signs of rejection after testing the key $3,365–$3,392 resistance zone. The market has reacted to the July 15 U.S. CPI release, and despite initial volatility, gold failed to break above its major diagonal trendline, forming a lower high, a strong technical sign of weakening bullish momentum.
If price breaks below $3,330, it could trigger a wave of selling pressure down to $3,303 and $3,248 in the coming days. Traders should monitor price behavior around these zones for short-term entry opportunities.
📌 Technical Breakdown
Resistance Zone:
- $3,365–$3,392 remains the critical ceiling where gold got rejected for the third time in recent sessions.
- This zone aligns with the top of the descending wedge, long-term black trendline.
Bearish Structure Forming:
- After multiple attempts, gold could not sustain above the resistance.
- A series of lower highs and a weakening bullish push suggest a bearish continuation is likely.
Support Levels to Watch:
- Immediate: $3,337
- Mid: $3,320
- Strong: $3,303 (0.382 Fib) and $3,293
- Final Target: $3,248 → $3,220 → $3,193
🔺 Bullish Invalidation Scenario
If gold manages a clean breakout and close above $3,392, this bearish setup will be invalidated. In that case, upside targets would include:
- $3,412
- $3,434
- $3,490 (macro trendline)
But at the moment, that seems unlikely unless driven by unexpected fundamentals.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Trading Idea: Short Opportunity on 15-Min Descending ChanneHello TradingView Community,
Following up on my Gold analysis from Monday, the price action has respected the levels I outlined (check my previous posts for the breakdown), delivering solid trade opportunities except yesterday's news-driven volatility. Today, we're eyeing a short setup on Gold based on the 15-minute timeframe.
Technical Analysis:
Gold is moving within a descending channel on the 15-min chart.
I've identified equal highs and a small FVG (Fair Value Gap) aligning with the 61.8% Fibonacci retracement of the channel's range.
This confluence zone is where I expect the price to react, potentially clearing liquidity above the channel before reversing.
Trade Plan:
Entry: Wait for the price to reach the confluence zone (equal highs + 61.8% Fib + FVG) and show a clear reaction (e.g., rejection or reversal pattern) before entering a short position.
Take Profit: Targeting 3310 level.
Risk Management: If the price fails to reach the zone and breaks lower, I'll stay out to avoid chasing trades. Patience is key here.
Stay disciplined, traders! Let the price come to our zone, and always manage your risk.
Follow for more setups, like this post if you found it helpful, and drop your thoughts in the comments below! Let’s discuss!
#Gold #XAUUSD #ShortSetup #TechnicalAnalysis
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Treat it as a long-short wash-out shock, and go long on pullback📰 News information:
1. Initial jobless claims data
2. June retail data
3. Beware of Trump's remarks about firing Powell
📈 Technical Analysis:
Last night, the daily line closed at around 3347. The current short-term daily line range is 3355-3300. The short-term support below is still 3320. Once it falls below 3320, it will look to 3310-3300. Short-term trading is still volatile. If the intraday retracement reaches 3320-3310, consider going long, and the defense is 3300, with the target at 3340-3350. Under the current rhythm of long and short wash, don't chase the rise and sell the fall, look at it rationally, and brothers who trade independently must bring SL.
🎯 Trading Points:
BUY 3320-3310
TP 3340-3350
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
FXOPEN:XAUUSD OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD TVC:GOLD
Trump's five major factors! Will gold continue to rise?The past six months may have been dizzying, but a clear theme has emerged since U.S. President Donald Trump returned to the White House: It’s good news for the gold market.
Although gold prices broke through $3,500 an ounce nearly three months ago, setting a new record high, five key factors that have emerged since the start of Trump’s second term are likely to continue to support gold prices in the coming months. These factors may even prove that the precious metal is becoming a core asset class in investors’ portfolio strategies.
David Miller, co-founder and chief investment officer of Catalyst Funds, said that as the market enters the third quarter, gold remains a standout asset class that “provides both a hedge against the potential risks of geopolitical conflict and a break from the erosion of fiat currencies.”
The first key factor supporting gold is demand from central banks, which indicates that the market has weakened confidence in the U.S. dollar. Miller pointed out in emailed comments that central bank demand is surging, and the BRICS countries, especially China and India, are accelerating the accumulation of gold reserves “as part of a broader de-dollarization strategy.” According to a report released by the World Gold Council on Wednesday, the People’s Bank of China’s official gold holdings have climbed for eight consecutive months.
David Russell, head of global market strategy at TradeStation, said the global tariffs threatened and implemented by Trump have accelerated the "de-dollarization process." De-dollarization refers to efforts by some countries to reduce their reliance on the U.S. dollar as a reserve currency.
"Trade is becoming less dependent on the U.S. end market and less dependent on the dollar. This is more like the 19th century than the era after World War I and World War II," Russell said in emailed comments. "This trend back to the old model is creating structural demand for gold after decades of neglect. Fiat currencies are in decline," he added.
Russell also said the decline in the credit quality of developed country governments, such as the United States, is also a major concern for the market. "We have lost our AAA rating from the three major rating agencies because of growing deficits and looming pressure on unfunded liabilities such as Social Security," he said, referring in part to Moody's downgrading its top credit rating for the United States in May. "After decades of procrastination, we are running out of ways to go."
That said, trade policy is a third factor affecting gold. Russell said that "large budget deficits or increased tariffs" would reduce demand for U.S. Treasuries, supporting gold prices.
With both 2-year and 10-year Treasury yields falling so far this year and real rates under pressure from inflation, "the opportunity cost of holding gold is falling," noted Catalyst Funds' Miller. That's leading to a fourth potential support for gold -- a resurgent interest in gold exchange-traded funds and other alternatives.
In the first half of 2025, North America led the growth in global gold ETF inflows, according to the World Gold Council. Global physically-backed gold ETFs saw inflows of $38 billion in the first half of this year, marking the strongest half-year performance since the first half of 2020, according to the World Gold Council.
Finally, from a technical perspective, gold prices have held above $3,250 an ounce for much of June, Miller said. That shows signs of "a potential breakout as equity market volatility returns," he said. Gold for August delivery closed at $3,359.10 an ounce on Wednesday.
“Gold is not just a crisis hedge, it is becoming a core asset class in modern portfolio strategies.” Miller said that the current macroeconomic environment “justifies a meaningful allocation to gold and gold-related strategies.”
He said: “The combination of fragile stock market sentiment, uncertain policy direction and structural macro headwinds reinforces our view that gold is not just a crisis hedge, it is becoming a core asset class in modern portfolio strategies.” PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD VELOCITY:GOLD
XAUUSD Trade Setup: Buying Opportunity at 3,322 Support ZoneGold (XAUUSD) is currently testing a critical support zone between 3,322 and 3,323 USD. This area represents a confluence of the previous swing low and the 0.618 Fibonacci retracement level, which is historically known to trigger technical bullish reactions. If a confirming signal appears on the H1 chart, this may offer a favorable short-term buy opportunity.
Trade setup details:
Entry (Buy limit): 3,323 – 3,322 USD
Stop loss: below 3,318 USD
Take profit: 3,331 – 3,340 USD
Risk-to-reward ratio: approximately 2:1
Technical rationale for the trade:
The 3,322 level has acted as a strong support in recent price structure
Aligns with the 0.618 Fibonacci retracement, often seen as the last line of defense in bullish setups
RSI on the lower time frame is nearing oversold, signaling potential bullish momentum
Risk management notes:
If price closes below 3,318 USD, the long idea becomes invalid
Best entries should be supported by price action signals such as pin bar, bullish engulfing, or other reversal candles near support
Conclusion: A buy position in the 3,322 – 3,323 USD zone presents a reasonable strategy as long as the support holds. If bullish reaction occurs, price may revisit the 3,340 resistance area in the short term.
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